News
Stay Ahead with the Latest Industry Trends & Market Insights with Industry News 📰

Animal Parasiticides Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: November 2024 || SKU: AG8098
excelpdfpowerpoint
180 pages
Report Summary
Table of Contents
List of Tables & Figures
Get Free Sample

See how US Tariffs impact Animal Parasiticides Market

Global Animal Parasiticides Market is segmented By Product (Ectoparasiticides, Endoparasiticides, Endectocides, Others) By Parasite Type (Roundworms, Tapeworms, Heartworms, Flukes, Coccidia, Mite, Tick, Flea, Lice, Grub Infestation, Others) By Distribution Channel (E-Commerce, Veterinary Hospitals & Clinics, Pharmacies, Others) By Product Form (Capsules/Tablets, Powder, Liquid, Ointment, Others) By Animal Type (Cattle, Pet Animals, Livestock) and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Overview

Global Animal parasiticides market reached US$ 11.8 billion in 2022 and is expected to reach US$ 19.09 billion by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.

The global animal parasiticides market has witnessed significant growth and transformations over the years, as they are designed to prevent, control, or eliminate parasites in animals, and help in maintaining optimal health conditions for animals, potentially leading to improved growth rates, and reproductive performance.

Furthermore, manufacturing companies are investing in these products, for instance, in October 2023, Boehringer Ingelheim, a global leader in human and animal health launched NexGard (afoxolaner) S and M in India. This is suitable for use in dogs and puppies from eight weeks of age and is delivered as a monthly treatment in highly palatable flavored chewables that kill fleas before they can lay eggs, ticks, and mites.

The ectoparasiticides segment accounts for the largest share in the global market, similarly Asia- the Asia-Pacific region shows a dominant world share, as the demand for meat consumption is high in this region, in Australia around 50.1 kg of chicken meat is consumed every day. It can help in driving the global animal parasiticides market.

Market Scope

MetricsDetails
CAGR6.2%
Size Available for Years2022-2031
Forecast Period2024-2031
Data AvailabilityValue (US$)
Segments CoveredProduct, Parasite Type, Distribution Channel, Product Form, Animal Type and Region
Regions CoveredNorth America, Europe, Asia-Pacific, South America and Middle East & Africa
Fastest Growing RegionNorth America
Largest RegionAsia-Pacific
Report Insights CoveredCompetitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights.

 

For more details on this report - Request for Sample

 

Market Dynamics

Increase in Prevalence of Animal Diseases

Over the past few years, the prevalence of animal diseases has increased, for instance, according to the report published in the Times of Hindu in February 2023, Kochi Vet hospitals have been witnessing five to six tick fever cases in dogs daily over the past few weeks. Hence, such instances of increase in tick cases can help in driving the global animal parasiticides market.

Furthermore, as the prevalence of animal diseases is increasing, consumers are highly adopting these parasiticides as they help prevent the spread of these diseases, protecting the health and well-being of the animals. Hence, the awareness of the parasiticides products can contribute to increasing the market growth.

Rising Pet Adoption Rate

people around the world are choosing to adopt pets, for instance, according to KC Pet Project, a charitable organization operating the KC Campus for Animal Care report, around 10,725 pets were adopted in 2022 which includes 4,661 dogs, 5,904 cats, and 160 other pets. Therefore, such a high rate of pet adoptions can help in boosting the market growth.

Furthermore, as the adoption rate is increasing, it increasing the demand for products that ensure the health and well-being of these animals, including parasiticides, as they help in preventing, and treating various parasites, including fleas, ticks, and worms. Hence, such factors can contribute to expanding the adoption rate for parasiticide products for a wide range of animals.

Resistance Development

Resistance development is indeed a significant challenge for the animal parasiticides market. Parasites can develop resistance to particular types of parasiticides over time. The efficiency of these medications might decrease as a result of this lowered susceptibility, making it more difficult to manage and eradicate parasite infestations in animals.

Segment Analysis

The global animal parasiticides market is segmented based on product, parasite type, distribution channel, product form, animal type, and region.

Increase in Demand for Effective Animal Treatment

The ectoparasiticides type shows the dominance in global animal parasiticides market, consumers are highly adopting these designed to control and eliminate external parasites that infest the skin, fur, and feathers, they are highly effective in controlling, preventing, and transmitting fleas and ticks, and other infestations in pets and livestock, it can help in gaining the popularity for animal parasiticides products.

Furthermore, as the demand for these types of products is increasing, manufacturers are launching innovative products to attract larger consumer bases, for instance, in April 2023, Carus Laboratories, a leading animal health company, launched a AmitHit, a ectoparasiticide dip concentrate liquid, AmitHit is a powerful combination of an active ingredient, Amitraz and Deltamethrin which is designed to effectively kill ticks and mites in animals. Therefore, such product developments can propel the adoption rate for the animal parasiticides market.

Geographical Penetration

High Meat Consumption Rate in Asia-Pacific

Asia-Pacific has been a dominant force in the global animal parasiticides market. As the demand for meat consumption is high in this region, the livestock industries are highly adopting these parasiticides as a small animal medicine to prevent and treat for various parasites, including fleas, ticks, and worms. Also, helps in increasing the productivity of animals.

Furthermore, the meat consumption rate is high in this region, for instance, in the Australian Bureau of Agricultural and Resource Economics and Sciences. Nearly 70 percent of Australian households serve chicken meat at least twice weekly. In 2022/23 Australians they increased consumption to 50.1 kg of chicken meat on average each.

Competitive Landscape

The major global players in the market include Zoetis Services LLC., Elanco, Virbac, Boehringer Ingelheim International GmbH., Merck & Co., Inc., Vetoquinol, PetIQ, LLC., ECO - Animal Health Ltd., Norbrook, and Ceva

COVID-19 Impact Analysis

During the pandemic, the pet adoption rate has increased which has shown a positive impact on the global animal parasiticides market, but due to government lockdown restrictions, the supply chain of products has been disrupted which caused a slight declination in global animal parasiticides market.

Key Developments

  • In November 2023, NOAH has launched its ‘Paws to Protect’ campaign to improve pet owner awareness of the importance of reading and following the warnings and recommendations on the packaging and labeling provided with veterinary medicines.
  • In May 2020, Merck Animal Health, known as MSD Animal Health, a division of Merck & Co., Inc., Kenilworth, N.J., USA, and Virbac acquired Merck Animal Health the U.S. rights to sentinel flavor tabs and sentinel spectrum Chews in the Companion Animal category.
  • In January 2021, Boehringer Ingelheim announced that it has received marketing authorization from the EMA (European Medicine Agency) and European Commission for its NexGard COMBO topical solution for cats. This innovative parasiticide will be available in the European Union shortly. NexGard COMBO offers unparalleled protection for cats.

Why Purchase the Report?

  • To visualize the global animal parasiticides market segmentation based on product, parasite type, distribution channel, product form, animal type and region, as well as understand key commercial assets and players.
  • Identify commercial opportunities by analyzing trends and co-development.
  • Excel data sheet with numerous data points of animal parasiticides market-level with all segments.
  • PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
  • Product mapping available as Excel consisting of key products of all the major players.

The global animal parasiticides market report would provide approximately 78 tables, 84 figures and 210 Pages.

Target Audience 2024

  • Manufacturers/ Buyers
  • Industry Investors/Investment Bankers
  • Research Professionals
  • Emerging Companies
FAQ’s

  • Global Animal parasiticides market reached US$ 11.8 billion in 2022 and is expected to reach US$ 19.09 billion by 2031, growing with a CAGR of 6.2% during the forecast period 2024-2031.

  • Key players are Zoetis Services LLC., Elanco, Virbac, Boehringer Ingelheim International GmbH., Merck & Co., Inc., Vetoquinol, PetIQ, LLC., ECO - Animal Health Ltd., Norbrook, and Ceva
Related Reports
veterinary-health iconveterinary-health

Animal Intestinal Health Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2023 September 25

Starting from

$4350

food-and-beverages iconfood-and-beverages

Animal Feed Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2025 January 17

Starting from

$4350

food-and-beverages iconfood-and-beverages

Animal Feed Phytase Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 June 26

Starting from

$4350

agriculture iconagriculture

Animal Nutrition Market Size, Share, Growth, Research Report 2025-2032

Published: 2025 May 06

Starting from

$4350

agriculture iconagriculture

Animal Feed Testing Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 January 29

Starting from

$4350

agriculture iconagriculture

Animal Nutrition Organic Acids Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2023 September 25

Starting from

$4350

WhatsApp